As to Design and Engineering
Our “Make vs. Buy” strategy leverages our ecosystem of in-house engineers, tool and die makers, machine operators and quality technicians. When you need complex fasteners with unique characteristics, Optimas engineers can analyze the joint and design the fastener, iterate through 3D Print and scale production with quality protocols—inhouse. Bringing these teams of experts together also roots out downstream production and performance challenges which elevates efficiency and product quality.
By comparison, ask yourself the following questions:
Can my current service providers offer 3D print or develop CAD drawings for potential new or prototype parts?
These services are the backbone of additive manufacturing processes that streamline development and reduce lead-time and costs. We advise that you look for a supplier who can help you as early in your development process as possible, and who can provide value-added engineering solutions that may save time and money.
When should my company outsource the application design of an individual fastener or component system?
When you see an opportunity to reduce cost and/or improve product quality and your organization does not have the time or engineering resources available. Another good reason to outsource is to have new eyes look at the problem and present solutions that might not surface from an in-house team that’s already familiar with the product.
Speaking of Inventory Management
How can we automate day-to-day parts ordering, receiving, and stocking?
Suppliers with proven inventory management expertise can quickly implement programs that automate replenishment, storage, and distribution. Full- and self-service programs, supported by RFID and demand planning technology, provide insight into on-hand inventory and consumption patterns for production planning.
These programs can start small and become as complex as needed to improve re-order accuracy, reduce excess and obsolete inventory, free up valuable space and re-allocate valuable resources to higher value activities.
Pertaining to Technology
What technology can I incorporate into my operation that automates manual tasks and provides data for future planning?
A secure, cloud, just-in-time (JIT) inventory management solution offers robust technology—including predictive analytics and secure communications—to ensure the right parts and quantities are in the right place at the right time. There are a variety of tools—from hand-held scanners to weighted scales, chip-embedded bins to “hot” zones that read labels, transmit orders manually and automatically, create transparency and elevate productivity.
And the Financial Impact
How can my sourcing partner(s) impact my company’s ‘cash on hand,’ and manufacturing efficiency?
One way to increase cash-on-hand is through better management of your on-hand inventory. A quality solution uses proven technology to replenish parts using demand forecasts and consumption data. Usage can begin with manual order approvals and migrate to automated over time. Receiving optimized quantities—regardless of requirements—keeps lines moving, morale up and facility free of preventable negative influences. Automation of these processes saves time, facilitates the reallocation to more productive and rewarding tasks and improvise efficiency. More precise control over inventory reduces excess and obsolete (E&O) payments which frees capital and floor space for revenue and efficiency enhancing initiatives. All of these outcomes from a quality inventory management solution increases throughput ultimately impacts cash on hand and efficiency in a positive way.
To summarize, many supply chain risks can be minimized through a thoughtful blend of dual sourcing, manufacturing expertise, design/engineering solutions and automated inventory management. At Optimas, we’ve built a track record 130+ years long in these areas and we stand ready to serve you now. To discuss your supply chain needs, talk to an expert at www.optimas.com/contact.